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wholly bagel expanding to three locations. while operating, it starbucks began their san francisco operations. targeted bagel shops investing in my competitor. whenever it opens by wholly bagel i worried, in every instance my business increased. they knew that opening up to complimentary businesses created synergy. ni have worked within the guidelines set forth by the city and the department of public works and the health department and hope to continue to partake of the free enterprise system. i adhere to all criteria and my permit was approved. at the hearing, i shortened my hours, cut back my menu, and withdrew one of my applications. i operate only from six to ten in the morning. i open long before most of these businesses even open. i close shortly there after they open. i do this to appease any protestors and my permits were granted by the hearing officer. i sell only beverages, coffee drinks and esresso. i don't operate during the lunch hour. if there is ever enough of, or long lines at the coffee houses, in the financial district as you evidence each morning. we intend to p
this approval for both second street and 150 locations whereby they will be in less than 150 feet of starbucks and many others, to do so will restore balance to the permitting process and in the confidence that the interpretation of rules is consistent. the items that i wanted to address, like for like density, radius clause and the bathroom access and adequate notice. like for like, in the hearing of march 28th, mr. hearing officer kevin day found for each of the two remaining sites, i quote, paragraph d, sentence, there are no like foods espresso within 300-foot radius of 84 second. this opinion, closed quotes, this conflicts with the facts that that the 50 restaurants on second street corner serve coffee. the important distinguishing thing here about like for like is that 8 percent of the sales in the morning before 10:00 o'clock are coffee. that all of these quick service restaurants. and so, anybody. >> eight or 80? >> 80. >> 80 percent, is coffee before 10:00 o'clock. and people are coffee addicts i got to have my coffee. so therefore, a truck on the street, selling coffee is in direct c
for two, which is petes coffee and starbucks, those two companies through the majorty of the revenue through coffee products i don't think that is disputed in any case. in these other cases they do, many of the merchants sell coffee, but also sell other food products throughout the day. so, the evaluation from the hearing office determined that yes, while coffee is one product, it is not the majority of the specific and that is why they need to be deemed not like food. we did go back, based on the concerns to revalidate. as noted at the 84 second street location. if we take a straight line as the bird flies distance from the location of the proposed food truck, to the entrance of pete's coffee, the distance varies between 219 feet to 244 feet. what that implies someone who is walking from the food truck to pete's coffee would have to jwalk through second street and mission street. whereas if we followed the pedestrian walkway and go through the crosswalk the distance is 350 feet. there is a fairly fine distinction from that perspective that remains to be a challenge from that case. s
, there actually happens to be a starbucks on the ground floor where there is typically three or four people as late at 9:00 in the morning which is close to where they are closed for business. so clearly there is not a very significant impact there. this often there is quite a long wait for a cup of coffee and other food products there. i felt that they are organized and very clean at that location. that egress is blocked in the alley and people are very polite and no more than 3 or 4 folks cued up. i don't see how this additional choice of a fine cup of coffee is going to have a detrimental impact to established brick and mortar businesses in the neighborhood. >> thank you. >> thank you. >> next speaker, please? >> good evening. my name is paul ionion and i was also here months ago as an appellant and i am kind of dumb founded that we have to come back here again to deal with the same matter all over again. i own a deli, on california street for the last 35 years. and i have never had to work harder or longer hours to maintain my position and care for my family and be able to pay my rent o
of starbucks, linkedin, dreamworks, las vegas sands all participating at different degrees in today's rally. starbucks now we take a look at it, the shares up more than 11% over the past year, obviously well off their highs though. here's what analysts are expecting earnings per share 45 cents. revenue 3.38 billion dollars. investors also keeping an eye on just how global economic slowdown is affecting the company. that's the reason it gave for missing earnings estimates last quarter. the new single serve machine hit the marketplace in september. watch for any sales numbers out of that. for new details on european restructuring plan as well. ceo howard schultz said that has quote turned a corner. for coverage on starbucks and the rest of the names in reporting less than half hour's time, don't miss after the bell. right now let's get back to the countdown with liz. liz: i'm looking at green mountain coffee roasters because they are the one who are making the big k cup business, the actual product itself and not just the cups themselves. it is up about 8%. so not at the moment getting hurt.
down through next week with a chance of showers by thursday. >>> good news for starbucks! the company says its sales are perking up after a sluggish last quarter. existing stores saw a 6% increase in sales. next year starbucks plans to open 600 new stores in asia. just last month, the first starbucks opened in india. skufrs say they also -- executives say they also expect sales to be up because of the company's single-cup homebrewing machine. >>> two raider rivals go head-to-head on thursday night football. well, inside the brewer, there's a giant staircase. and the room is filled with all these different kinds of coffee. actually, i just press this button. brew what you love, simply. keurig. >>> good evening, everybody. it's time to focus on who needs to be signed and who has to go. so aubrey huff, no longer a san francisco giant. that's the play of 2010. he was one of the key ingredients in the giants win he want did the song business. earned himself a $22.02-year deal. for the giants, that was pretty much the end of his productivity. last year, all types of problems. hit .192, 7 rb
of sluggish it is kind of convenient having a truck there as opposed to going to a starbucks or petes. i have never noticed these other businesses but as the last speaker said, if i came to the coffee truck, and i noticed them, there would be a time where i might come back. i also feel that times have changed and that i understand these people pay a lot of money for their rent and stuff like that. but they have to adjust to times and new things that are going on. and i urge you guys to up hold the permits. thank you. >> thank you. >> next, speaker, please? >> good evening, commissioners, or i should say good night. >> i am ken clevlan with the property owners association of the public policy. >> i think that you heard a lot of the arguments why these two permits should be revoked. even the department itself admits that it has been, or it has too much discretion in granting this permit for this espresso carts. we have got to look at the larger picture. the larger picture is that we have to protect our tenants and they are facing an onslot of out of town, food trucks coming in in a downtown are
for from starbucks. which one delivers the best cup of coffee for the price. >> they just tested the one with starbucks along with two dozen others. they cost from $25 to $300. like many that go to a single serve coffeemaker. amy likes the speed and convenience. >> in the morning, put a cup underneath and pop the button and go. >> they tested 21 coffee makers. himself the new machine from starbucks that starts at $200. >> single serve coffeemakers are all about convenience. our testers look for how fast you will get the first cup of coffee. >> it will rush you in about minimum. this one from hamilton beach two three minutes. as for the starbucks machine, you can make it expresso and brewed coffee but it is pricy. >> for a coffeemaker that cost $200. it's basic. you can't adjust brew strength and manual says you should flush the machine after each brew. >> an $150, nescafe, it brews a cup in a minute to make expressos and other drinks, as well. be aware, buying a machine is just the beginning. >> the pods can be expensive, up to a dollar a cup. >> they think the convenience is worth it. >
. >>> well, that and $7 will get you a cup of coffee. what's so special about starbucks' new brew? >>> a $580 million jackpot is up for grabs tonight. now california wants in on the action. how soon until you can play powerball? ,, sledgehammers, hit a bay ara jewelry store. it happened in los gatos. c5 reporter kiet >>> they were in and out in a flash. two thieves waving guns and sledgehammers hit a bay area jewelry store. it happened in los gatos. kiet do shows us just how quickly they struck. >> reporter: for employees at this fine jeweler's, the surveillance video captured the longest 75 seconds of their lives. >> did you think you were going to die? >> it crosses your mind, you know. i was just waiting for him to shoot me. >> reporter: they didn't want to show their faces on camera, but they described two men bursting into the store yesterday afternoon wearing masks and armed with semi automatic pistols. the first robber went right for the safe. the other one went straight for the high-end jewelry cases, smashed out the glass with a sledgehammer and scooped out the rings into a plastic t
, brewing profits. maria talks exclusively with starbucks ceo howard schultz about earnings and the effect sandy may have had on his company's supply chain. >>> and insuring stability. aig chief robert benmosche joins maria with his thoughts on earnings, sandy's aftermath, and the treasury department's reported plans to liquidate its remaining shares of his company. >>> plus, what happens when mad max comes true? it's gasmageddon. long lines, dwindling fuel supplies, and tempers getting worse. >> there was literally a fight. >> you saw a fight? >> is there any relief in sight? that's all ahead on the "closing bell." >>> welcome back. the market off to a strong start for the month of november thanks to a host of rosy economic data out today. with the jobs number due out tomorrow and the election coming up on tuesday, can the momentum keep going? my next guess says don't believe the rally. good to see you both. abigail, let me kick this off with you. you say the market will move lower from here. >> that seems more likely. when we look at the markets hfrm a technical standpoint, what you just
wars are heating up. green mountain unveiling details of an espresso machine to compete with starbucks. find out which stock is more likely to brew up profits for your portfolio straight ahead in talking numbers. >>> from the coffee wars to star wars. disney ceo bob iger will be with us explaining how the acquisition of lucasfilms will impact their bottom lines. he joins me after the bell. well, if it isn't mr. margin. mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. >>> energy prices have reboundsed from wednesday's monster selloff. sharon here with details on that. >> bill, it was the biggest one-day point and dollar decline for crude we've seen this year. we are looking at oil prices right now that are
at starbucks and i think that opens the door because starbucks is considered an innovation leader. >> i interviewed him at this event, the starbucks event, and he said that other major retailers are getting in line. >> starbucks is such agreat foot in the door. not only do they have a location everywhere but everybody's familiar with it. and the comfort level of starbucks. oh, you guys are doing the thing that i saw at starbucks is going to have people comfortable with that. and you're saying born entrepreneur. >> totally born entrepreneur. i think there's this issue, right? you build entrepreneurs or are they born. i think in jack's case there's no question it was about the idea. if you ask him about building businesses he doesn't -- he's not somebody who grew up saying i want to build businesses. he wanted to pursue these ideas that he had, first in the case of twitter, then in the case of square. he had some other ideas. he wanted to be mayor of new york. >> adeo ressi would say he's just the right amount of crazy. we have to pitch to commercial. we'll be back in just a moment. >>> t
: big bucks for starbuck's. why the company is trying out a $7 cup of joe. plus, trader views on which corporations will be next to pay out a special dividend. you want to hold on to your shorts - a stock that appears to be headed for a super slide. and, keep it on this bat channel - a superhero's car is on the auction block. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's friday, november 30th. i'm angela miles. in today's first look: a buyer's bounce: despite rehtoric out of washington, investors are buying stocks. the dow is now up for the week. gains were also made across the board. the cbo reports the debt limit is okay for now. the treasury has the money to fund the government up to march of 2013. speculation is building t-mobile may start selling apple iphones next week. a campaign called "fast food forward" is happening in new york. employees are planning walkouts at burger king, kfc and taco bell. they want pay hikes up to $15 per hour and the right to form a union. we are here to serve up s
for teavana jumping $5.30, 52% jump, what is going on? starbucks plans to buy teavana holdings. the one-year chart, it was a lot better. starbucks came in and you can see it is pretty good. starbucks is falling just about 2%, if we compare these two, is starbucks and teavana. teavana became a cheaper stock, not bad at all. let's take a quick look at the dow jones industrial, john chambers coming up in the next couple of minutes. lockup expiration date for facebook. nicole petallides, a bit of behavior the stock is having today. nicole: it is true, it gives the opportunity for insiders to sell if they were in on the ipo or the original shares they have the opportunity to get out. it turns out they're not really getting out. on the contrary, double-digit gains, a great day for facebook, the same day the chief financial officer of the zynga is going over to facebook. that is a winner when you talk about names like farmville and draw something. both are doing extremely well. particularly on a day the dow was down at least 160 points. back to you. liz: am i going to get blamed for this? we w
, but also to the largest organization in the world, and starbucks validated that last week by bringing it to every one of their stores in the united states. >> walk us through how that works. i go into a starbucks, what do i do? i just say hi, it's maria, i want a latte? >> to start, you download square wallet for your phone. and then you find the starbucks in the directory and your closest starbucks and go up and say, i would like a double tal latte, and you simply show your phone to the scanner, there is a quick beep and they hand your coffee and you walk away. it's very, very simple. >> no questions asked. i have my coffee, i've paid, the cash register is dead. >> yes, yes, yes. the cash register is moving more and more off the counter and into the buyer's hand and that's the most amazing thing. is the buyer is completely in control of the transaction. so it's the device, the payment device is not leaving their hand at all. and that is the most secure transaction that you can have. >> so you also co founded twitter, which also has sort of changed the world in a different way. is the
going to sit down and eat a breakfast. places like starbucks don't sell the same thing. there are a million reasons that you go in a starbucks than to just get a cup of coffee. there are a number of days that i did not have time to wait that line is too long. if you look around and you see a line of five or ten people at every business you are out of luck. to me adding one more machine two days a week and overlapping two hours a day, operating hours, if this were me, i would be very, i would feel very complimented that my just the notion of me doing business, anywhere near this area is such a threat. i can't understand how this is directed to the operator of a food truck, most of the concerns that have been addressed are to the pressures that are already there, than involve doing business. if one straw will break the camel's back it seems that there are a lot of other things that are hampering the performance of that camel and maybe you should look at that and hopefully you will up hold the permit. thank you. >> thank you. >> pe tricia veloy. i have been a part of many
had heard there is a starbucks planned for the southwest corner of market and sanchez where there is sort of a kitchen supply company now. this is nuts. we have enough starbucks and we have pizza in the same block and pizza is much better than starbucks anyway. so, i just wanted to go on the record saying that. >> is there any additional general public comment? okay. seeing none, next item, please. >> commissioners, it will place you under your regular calendar, item 12, western soma community plan - informational discussion - no. 3. this is an informational item only. >> garv, president fong, commissioners. cory teague for staff. this is the last scheduled information hearing for western soma before the adoption hearing next week on december the sixth. this is a little unlike our previous informational hearings in that we do not have new materials for you to review for this session. it's at the request of the president to allow time for additional discussion and comments on any issues that are unresolved or so far today have not been thoroughly discussed. so, just to run do
yourself. >> 95% of the cards survey did not have an expiration date. >> a special at starbucks this week. a closer look at the skies. jane king has the bloomberg business report. good morning. >> good morning. congress heading back to work today. the biggest issue it needs to handle it is the fiscal cliff. $1 billion in automatic budget cuts. bloomberg found an internal survey shows 102 air-traffic control towers are open all night but they do not have enough air traffic to justify being open 24 hours a day. members of congress have tried to block attempts to cut tower hours or consolidate the work. we hardly moved on wall street yesterday. many people on the sidelines. stock futures party to a lower start to things. starbucks had help from sales from their gingerbread mocha. starbucks offering a two-for-one deal. they want to get you hooked and that is the way to boost traffic during slow periods of the day. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> there could be sticker shock for those buying a used car. >> used cars are getting more expens
-terrorism officials are expected to testify there. turning to business news, at it is time for starbucks as the country expands. -- the company expands. >> we do get a ton of quarterly reports today from the retail industry including wal-mart and target. we have reports on inflation as well as jobless claims. take a look at this. check out facebook. 12.5%. that results and shares typically falling. shares rose on optimism the company will boost its ratted -- ad revenue. starbucks is growing even more with another deal. it does not of of coffee. it has agreed to buy teavanan for six under $20 million. it will add to its other non coffee holdings. -- for under $620 million. a study that shows black friday ads have the same prices and items as last year. thank you so much. it is 4:37 right now and 40 degrees outside. >> the president heading to new york a couple of weeks after surveying damage >> we are back with the latest of sandy's aftermath. president obama will head to new york. >> accounts a couple of weeks of revisited the new jersey shore. today he is going to staten island. >> th
. starbucks results boosted by several promotional offers. starbucks still dealing with weak consumer spending in the uk and western europe, but the company raise its full year guidance. >> i don't want to overstate might go, but the company is firing on all cylinders and we're optimistic about the holiday season. and as i said, we're beginning to see many of the things that we put this place in the u.s. business in 2008 during our own transformation beginning to it take hold in western europe. it will be a long term effort, but we're seeing positive signs. >> starbucks stock in frankfurt today, you can see doing pretty well. up 9%. good move for starbucks. >> huge. that's in track further trade. aig meanwhile swinging to a third quarter profit beating forecasts of a it tr posting a nearly $4 billion net loss a year ago. the company saw improvement across all its insurance businesses. the ceo tells cnbc aig's office this is lower manhattan were without you power this week due to sandy, but the company did operate without interruption and he says it's too early to estimate the financial impact
on starbucks. stay with us. ♪ secondhand smoke affects everyone's health. it's not just irritating. it can cause heart disease and even death. speak up about secondhand smoke. your health and the health of your family depend on it. >>> a severe traffic alert to tell you about. these are live pictures from our nbc chopper, where there is a car pinned underneath a big rig. this is on highway 4 westbound. the g street exit in antioch. this happened just after 5:00. the car apparently collided with the back of the big rig. it actually got set on fire. no word on the conditions of the driver or any passengers inside. of course, traffic just reopened. but it's slow going on highway 4 westbound near the g street exit. so severe traffic alert issued right now. you can see emergency crews on the scene investigating. of course we'll keep you posted if there are any updates. keep it here on nbc bay area. >>> more news now. an anti-guy marriage group wants to punish starbucks for its support of same-sex marriage. they're going after the coffee chain and launching a boycott in the middle ace. it's targ
for facebook since its first day as a publicly traded stock. starbucks continues having a taste for tea. just before the closing bell, starbucks confirmed it will buy teavana, expanding its business beyond coffee. starbucks is the buyer, spending $620 million for teavana, based in atlanta. teavana shareholders will get $15.50 per share. teavana shares closed just a nickel below the buyout offer, up 52.5%, a five-and-a-half month high. starbucks shares fell 2.9%. it has owned the tazo tea brand for more than a decade. meantime, snack food maker diamond foods restated two years worth of financial results after the closing bell. the stock dropped 4.6% during the regular session, but fell another 17% in extended hours trading, slipping to around $16. thanks to an accounting scandal, the new financial records erased $56 million of previous profits. diamond also reported losses this year. all five of the most actively traded exchange traded products were down. the russell 2000 fund fell the most, down 1.9%. and that's tonight's "market focus." >> susie: health care insurance costs keep going up, bu
, that and $7 will get you a cup of coffee. what's so special about starbucks' new brew? >>> a $580 million jackpot is up for grabs tonight. now california wants in on the action. how soon,,,,,,,,,,,,,, every time someone chooses finish over cascade, it sparks a movement. look ! no ugly spots ! and see that shine ! you've got to try finish. because once they try finish, they can't keep it to themselves. i'm switching for good. wow ! awesome ! finish is seriously good. cannot believe how great it works. incredible shine. i won't use anything else. love, love, love finish ! so far over a million neighbors, friends, and family have switched to finish. join the finish revolution. recommended by more dishwasher brands worldwide. sledgehammers, hit a bay ara jewelry store. it happened in los gatos. c5 reporter kiet >>> they were in and out in a flash. two thieves waving guns and sledgehammers hit a bay area jewelry store. it happened in los gatos. kiet do shows us just how quickly they struck. >> reporter: for employees at this fine jeweler's, the surveillance video captured the longest 75 second
to the largest organization in the world and starbucks validated that last week by bringing it to every one of their stores in the united states. >> walk us us through how it works. i go to starbuck and i say it is maria and i want a latte? >> to start you download square wallet for your phone and find the starbucks in the directory and go up and say i'd like a double tall latte and show your phone to the scanner. a quick beep and they hand you your coffee and you walk away. smpl simple. >> i paid the raj register. >> the cash register is moving more and more off the counter in to the buyer's hand. that's the most amazing thing. the buyer is in complete control of the transaction. the payment device is not leaving their hands at all. that's the most secure transaction you can have. >> so you also cofounded twitter which has sort of changed the world in a different way. is there a thread between twitter and square in terms of what is similar and what they are both tapping in to? >> i think the common thread is simplicity. twitter made it simple to have a conversation with the world, just by
major market movers, two exclusive interviews. starbucks ceo howard schultz and aig chief robert talk earnings and sandy's effect on their bottom lines. that's all ahead on the "closing bell." >>> welcome back. market up 130 points. let's get to bertha coombs. >> a lot of folks have worried about green mountain coffee with starbucks introducing the k-cup system. well, green mountain is going to be the official producer of costco's k-cups, which do sell most likely for a lot less than some of the other brand numbers. they got a six-week high off that news. still having a good day, nonetheless. back to you. >> all right, bertha. thank you so much. big rally headed into the close here. about 45 minutes left. let's take a look at where we stand with a market that's up in the triple digits. volume on a light -- well, it's mediocre right now, bill. i was surprised at volume yesterday headed into the close. things definitely picked up at the end of the day. >> as you would imagine at the end of the month. >> exactly right, bill. up 1% on the industrial average. nasdaq right now at 1.5%. the
in the not eventually phase. take starbucks. not that long ago the stock stood in the low 50s. it was quite negative. they plummeted to the low 40s. last week they reported again. it handily beat the downbeat expectations and then raised results and in a terrible market they rallied back to where it was before it initially disappointed. i think the stock can go much higher than that. the lesson, expectations reduced now can lead to expectations beat next quarter. we're simply re-adjusting the entire market downward. the way starbucks got re-adjusted from $52, $53, $44, $43. it is happening with the whole market. it's not a reason to panic. it could be a reason to trim your positions as i suggested yesterday at the top of the show. but not sell wholesale. not sell too low precisely because of that starbucks rebound factor got to a level where it was right to buy, not sell. this can be a tricky process. if you use the starbucks prism, you have to expect pain before you get gain. that's what's happening right now. this is where you live until you get to here. it is happening in whole foods now. that is
really begins. we are just moments away from big releases. we have starbucks, linkedin and did we mention dreamworks. the stock is up more than 20%. liz: the third-quarter income more than quadrupled since last year. no wonder tupperware cannot contain its excitement. how are they doing as the ceo of tupperware joins us in a fox business exclusive. david: a tupperware party right here on after the bell. we will tell you what drove the market today. stocks pushing higher to date with all industries rally. materials, technology and industrials for two days top performers. utilities did leg a little bit. the prior week's figure was revised higher by 3,372,000. u.s. construction spending rose to its highest level in almost three years in september. spending rose 0.6%. liz: we have tim mulholland at the cme and brian of wells fargo financials. plus, robert gray ready to break in with earnings. first, let's start with tim. not bad at all. you have to admit it looked pretty healthy and good, especially after october. do you think that this november rally has legs? q it has been a good day follow
is trading at $1.2830. >> one company whose shares in the u.s. did well is coffee giant starbucks, which has announced it is raising its profit forecast for this fiscal year by 9.8%. >> but the company is in hot water in britain where critics say starbucks is paying miniscule sums in tax despite ending billions in recent years. in germany, the company pays no tax. in 2011, despite a turnover of 117 million euros, the company reported a loss of more than 5 million. there's been a turnaround in german car sales in october. although sales of new cars have been in the slow lane for most of 2012. last month, german salesmen sold 260,000 new cars, a slight increase on september's figure. still, sales for the first 10 months of the year are down on last year's figure. car sales are a key indicator of how well the german economy, europe's largest, is traveling. >> chancellor merkel has been meeting with the heads of the country's 16 federal states. >> she wants a consensus on how germany will meet its energy needs following the phase-out of nuclear power in 2020. many german states have plans to exp
at starbucks and other chains remain the same. the coffee houses do have other overhead expenses. and analysts say starbucks is a power brand that is not likely to reduce prices unless customers slow their sip. hyundai and kia customers are suing the automakers for overstating the fuel efficiency of several models. the companies blame "procedural errors" at a shared south korea testing facility for the wrong gas mileage on cars. hyundai and kia plan to issue debit cards to 900,000 customers to reimburse them for additional fuel costs. but the class action lawsuit contends the compensation plan is "unnecessarily difficult." some gadget lovers are still critical of the price tag on apple's hot new "mini" ipad. the "mini" apple tablet sells for $329, which is more than competitor prices at $199. a cnn report guestimates the cost to make the ipad mini at $215. nbc news places the price at $198. amazon can now add wine to the long list of products it delivers. amazon revealed the service yesterday, which offers customers 1000 choices on wine from different u.s. wineries. winos can order up to 6 bot
. chains including starbucks apple bies and boston market may see a boost in sales. the restaurant industry may be hit initially due to closings but sales will eventually pick up as consumers dine out and experience cabin fever. here in new york city, many are turning to starbucks for power and wi-fi. abc is asking a judge to toss out its lawsuit over pink slime. more on that coming later. i hope you guys are ok over there. >> doing just fine. thanks so much. >> glad you're all right. thanks so much. let's check in at the live desk. >> we are following breaking news. we know the university of southern california campus remains on lockdown at this hour. in fact, the university just released an alert to students telling them to seek shelter, stay indoors and avoid opening doors for unknown people. the shooting suspect still remains at large. we have learned that several victims, possibly up to four, have been taken to local hospitals in los angeles. witnesses telling the l.a. times this morning that the shooting happened at a party in the
a $3 laut yeah. but what about a $7 cup of joe? starbucks has the priceyest cup yet, offering a rare costa rica variety called geisha. a 12 ounce cup costs $6. a 16 ounce grandy -- grande, that is medium to you and me goes for $7. starbucks says customers want a superior bean. who are these people? >> i know. >> that is a grande price. >> yes. >> take a look at this rainbow over san jose city hall this morning. beautiful. we'd like to share your pictures with our viewers. you can e mail pictures to us. or share them with us. >> that is a great picture. >> yes. >> we have survived round one, but more is coming up. >> yes. that is right. sandhya patel is here now with more on this storm. >> two more storms coming. today brought wind and rain. next two storms will take their sweet time. and that means flooding concerns. live look from our camera, beautiful view towards the bay there. we have clouds overhead and showers still showing up. another live picture where it's been raining up in lake tahoe. at highest elevations they have seen snow. winter storm warning runs until 4:00 p.m. frid
. why it's really a story of friendship that listens on. >> the new coffee that starbucks thinks you're going to pay $7 for. >> and a $580 million jackpot up for grabs tonight. when california is going to get in on the action. with lung cancer has inspira unique journey.. from new y, to san francisco. cbs 5's dr. kim mulvihill hs of a lifelong >>> a bay area athlete's battle with lung cancer has inspired a unique journey. >> a lifelong friendship and the spectacular finish and honor of that friendship that's just days away. >> reporter: joe costello was just 22 when she died from lung cancer in 2010. it's how she lived that lives on. >> i do think that last year of jo's life although it was her most difficult and challenging, in many ways it could be the best year of her life. she did so many wonderful, amazing things and lived life to its fullest. >> reporter: best friends since kindergarten in san francisco,. >> i'm using my lungs to run from new york city to san francisco. >> reporter: the 24-year-old harvard grad is spreading a simple message: anyone can get lung cancer, even non
starbucks to come in there and said absolutely no way, because they are not interested. which put me off a little bit. because there are other partners involved and they are not as worried about starbucks or formula retail, but then having said that, i would love to see if we were able to incentivize for mobile truck operators to come into areas that would make life easier for them and they looked at the bottom line and said if we can get into business next month, maybe we can bring traffic to this area? can i make a recommendation to look at that as a third idea put forward with this? >> to fast-track? >> fast-tracking or something and look into that. >> i think what i would like to do is have -- i mean, one, that would require some budgetary requirement. because to do a study and an analysis to that would require some money for somebody to do research and analysis into those areas. i would have to research as to whether the city would provide that funding to be able to do that. as you know, our budget doesn't allow for those kinds of things. >> so you think it's maybe an idea to
under attack in the u.k. by the way they do or did not pay taxes. >> google, amazon and starbucks. the question is do they pay their fair share of taxes question of senior executives from companies will be answer the questions in front of a british parliamentary committee later on today, basically a tax committee. why these three? they have been accused of low and no tax. starbucks, according to reports, paid no income or corporate tax and the u.k. in the past three years. >> this is all legal. >> i have to stress that, all legal. moving paid $9 million last year but it generated $600 million. -- google paid $9 million less. amazon made sales nearly $5 million and the tax paid -- 0. it is legal, but it is complicated as well. let's look a what one tax expert told me. >> i think we have to look and see what actually happens. because many of the sales may not have taken place actually in the u.k. from activities taking place here. they may well have sold into the u.k. from elsewhere. that is perfectly legitimate for companies to do. so, you have to look at see what is going one in a
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